The extraordinary general assembly of  Wafra Holding Company, held on January 19, 2025, approved amendments to Article 5 of its articles of association and Article 4 of its articles of incorporation. 

The purposes for which the company was established are as follows:

•    Engaging in holding company activities.
•    Managing its subsidiaries or participating in the management of other companies in which it has investments and providing the necessary support to them.
•    Investing its funds in trading stocks, bonds, and other securities.
•    Acquiring real estate and movable assets necessary to carry out its work within the limits permitted by law.
•    Financing or lending to companies in which it holds shares or equity stakes and guaranteeing them to third parties, provided that the holding company's share in the capital of the borrowing company does not fall below 20%.
•    Owning intellectual property rights including patents, trademarks, industrial designs, franchise rights, and other moral rights, and exploiting and leasing them to its subsidiaries and others.
•    Owning shares solely on behalf of the holding company.
•    Managing the activities of the holding company.
•    Investing financial surpluses in financial portfolios through investment in managed financial portfolios by specialized companies and entities.
•    Establishing companies or participating with others to execute the company's activities.